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COP21 – a successful ‘end of the beginning

The Paris Agreement provides a clear signal and a solid framework for climate action. Balanced and ambitious in its objectives – including full decarbonization of the global economy before the end of the century – it has all the conditions to encourage everyone to do more.

In establishing a new international climate change regime, the Agreement focuses on the essentials: guiding countries towards low-carbon and climate resilient economies. The main challenge resides not in the direct implementation of the decisions taken in Paris, but rather in the alignment of countries’ national strategies with a decarbonization trajectory.

COP21 marks the advent of a new regime of international cooperation rather than a ‘utopian’ and politically unpalatable system to punish or coerce States to take action. It confirms the desire to engage both State and non-State actors on climate action. In this respect, it is a real victory of multilateralism.

Indeed, COP21 marks the “end of the beginning” of a long negotiations process to shift to a permanent regime, completed by regular appointments to boost ambition. This victory, however, will become historical only if this cooperation leads to enhanced action and concrete results. And this is where the hard work begins!

COP21 – a successful ‘end of the beginning pdf
I4CE Contacts
Hadrien HAINAUT
Hadrien HAINAUT
Project Manager - Climate investment Email
Vivian DEPOUES, PhD
Vivian DEPOUES, PhD
Project Manager - Adaptation to Climate Change Email
Benoît LEGUET
Benoît LEGUET
Managing Director Email
To learn more
  • 01/20/2023 Foreword of the week
    2023’s resolutions for a reform of development finance

    2022 ended up on a consensus that the global financial architecture is no longer “fit for purpose”. In other words, the financial ecosystem created post-war to support international development – at the centre of which are the IMF and the World Bank who were joined later by other international public financial institutions – wasn’t designed to address the multiplicity of challenges the world is facing today, foremost among which climate change. Time is running, and the good news is that 2023 is set up to be a busy year with key events setting the milestones for a reform of the international financial architecture, including a Paris Summit in June. The year will close at COP 28, where we will officially take stock of current achievements.

  • 01/19/2023 Blog post
    Here’s to an impactful new year for financial reform

    2023 will be busy with many events organised to address different parts of the financial architecture reform, including a Paris Summit in June. Alice Pauthier from [i4ce] tells you more about this agenda and identifies two conditions for a successful reform process. First, it has to be led by countries’ financing needs… wheras we are still lacking a granular analysis of countries’ investment needs for a sustainable development. Second, it has to be guided by the objective of maximising the impact of public finance. What we should count is the impact of public finance on the transition and not only volumes.

  • 01/18/2023
    The limitations of voluntary climate commitments from private financial actors

    Private finance will not fund the transition without a stronger commitment from public authorities.
    For several years, and particularly since COP 26, considerable time and attention has been dedicated to the subject of voluntary commitments from private financial actors. These commitments, made within the framework of international initiatives, should in principle enable private finance to be mobilized for the transition to a carbon neutral economy.

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